TODAY.AZ / Business

Bank Standard to raise its authorized capital in Q2

10 April 2007 [09:03] - TODAY.AZ
Bank Standard intends to raise its authorized capital during the second quarter of the year.

The bank board senior chair Javid Guliyev told a press conference that the bank will also expand the spectrum of it coverage, by opening 5 new branches by this year's end.

During the first quarter, the bank's aggregate capital rose 13% to AZN 25.5 million ($29.4 million).

The group's Q1 pre-tax profit was AZN 2.6 million ($3 million) which had risen by 132% during March. APA-Economics

URL: http://www.today.az/news/business/39108.html

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